Luminate Foundation Inc
- Assets
- $59.7m
- Revenue
- $34.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 82-3941326
Organization Overview
Luminate Foundation Inc is located in Washington, DC. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luminate Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Luminate Foundation Inc generated $34.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $35.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Luminate Foundation Inc has awarded 738 individual grants totaling $184,251,818. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
INFORMATION ECOSYSTEMSWE BUILD AND SUPPORT HEALTHY INFORMATION ECOSYSTEMS, WHERE THE INFORMATION THAT SHAPES PEOPLE'S LIVES IS MORE ACCURATE, INDEPENDENT, AND INCLUSIVE OF EVERYONE'S VIEWPOINTS. WE WANT PUBLIC DEBATE TO BE BETTER INFORMED AND LESS POLARISED. THIS INVOLVES SUPPORTING INVESTIGATIVE JOURNALISM, ALONG WITH WORK TO TACKLE THE SPREAD OF MISINFORMATION, PROTECT FREEDOM OF EXPRESSION, AND HOLD DIGITAL MEDIA PLATFORMS TO ACCOUNT.
PARTICIPATION & DISSENTWE ARE FOCUSED ON ENSURING EVERYONE IS ABLE TO CHALLENGE POWER AND INFLUENCE THE DECISIONS THAT SHAPE SOCIETY. TO ACHIEVE THIS, WE SUPPORT WORK TO INCREASE PARTICIPATION AND MAKE CIVIC AND POLITICAL LIFE MORE INCLUSIVE AND REPRESENTATIVE OF WIDER SOCIETY. THIS INCLUDES THE REMOVAL OF SYSTEMIC BARRIERS, WHICH PREVENT GROUPS FROM ACCESSING AND ENGAGING WITH POWER. WE ALSO WORK TO PROTECT THOSE WHO DISSENT AND SUPPORT THEM TO BE MORE EFFECTIVE IN THEIR PURSUIT OF CHANGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen King CEO & Director | 1 | $0 | |
Jeffrey R Alvord Director & Vice Chair | 1 | $0 | |
Hoodo Mohamed Secretary | 1 | $0 | |
Shaila Gupta Treasurer | 1 | $0 | |
Patricia Christen Chair | 0.95 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,219,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $199,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$526,806 |
| Capital Gain Net Income | $34,693,082 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,892,954 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $467,257 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,078 |
| Total operating and administrative expenses | $532,335 |
| Contributions, gifts, grants paid | $34,958,858 |
| Total expenses and disbursements | $35,491,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $58,620,635 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,030,000 |
| Total assets | $59,650,635 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $20,250,057 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $467,257 |
| Total liabilities | $20,717,314 |
Grants Awarded
Over the last fiscal year, Luminate Foundation Inc has awarded $54,572,988 in support to 219 organizations.
| Grant Recipient | Amount |
|---|---|
ABRAJI - ASSOCIAO BRASILEIRA DE JORNALISMO INVESTIGATIVO PURPOSE: GENERAL OPERATING SUPPORT | $265,000 |
2030 TECH FOR PUBLIC GOOD PURPOSE: SUPPORT RESEARCH ACTIVITIES CONCERNING DATA & DIGITAL RIGHTS. | $189,150 |
ACCESS NOW PURPOSE: SUPPORT DIGITAL RIGHTS OF WORLD USERS AT RISK. | $200,000 |
ACCOUNTABILITY COUNSEL PURPOSE: GENERAL OPERATING SUPPORT | $500,000 |
AFRICA CHECK SA PURPOSE: SUPPORT CORE OPERATIONS OVER A ONE-YEAR SUNSET PERIOD | $200,000 |
AFRICA CHECK SA PURPOSE: TO SUPPORT THE FACTCHECKING WORK ACROSS THE CONTINENT. | $10,000 |